Click on the following links to explore in detail the data behind the Economics of Telecom report. Return on Capital Employed 3 Year Rolling Averages Average CapEx Compared to Revenue By Industry Average Telecoms OpEx Compared to Revenue Microsofts Historical CapEx and OpEx Ratios Return on Capital Employed Industry Averages Global Telecommuncation OpEx/CapEx Spending in 2025 Annexe A: Global CSPs Analysed (20) America MovilAT&TBell Canada (BTE)Bharti-AirTelChina MobileChina UnicomChina TelekomDeutsche Telekom*KDDIMTNNTTOrangeSigtelSK telecomTelefonicaTelenorTelstraT-mobile USVerizonVodafone Annexe B: Global Utilities Analysed (15) Duke EnergyAmerican Electric PowerNational GridXcel Energy IncSouthern CompanyEdison InternationalE.ON SECentrica PLCExelon CorpSSE DraxNextEra EnergyEDP RenovaveisEcopetrol S.A>Conerra Energy Inc Annexe C: Global Hyperscale and Tech Companies Analysed MicrosoftOracleGoogle Meta AmazonSAP